Economy
- Banking
San Francisco Fed leader Daly likely not a major player in SVB saga, officials say
San Francisco Fed President Mary Daly, whose district saw the second-largest bank failure in U.S. history and who has become…
Read More » - Banking
Sen. Elizabeth Warren says she wants to make banking boring again
Sen. Elizabeth Warren wants banking to be “boring” again following the failures of Silicon Valley Bank and Signature Bank. “What…
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It’s the U.S., not Europe’s banking system that’s a concern, top economists say
A cargo barge on the River Rhine near the European Central Bank (ECB) headquarters at sunset in the financial district…
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‘Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent,’ Roubini says
In January 2022, when yields on U.S. 10-year Treasury bonds TMUBMUSD10Y, 3.538% were still roughly 1% and those on German Bunds were -0.5%,…
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‘Nationalizing bond markets’ left central banks unprepared for inflation, top HSBC economist says
One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building…
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Banks managed credit risk, but not interest-rate risk. Now we’re all paying the price.
Over the past decade, the U.S. Federal Reserve has manipulated asset prices by interfering with free markets, deciding what both…
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EU regulators distance themselves from Credit Suisse bond writedowns
BRUSSELS — European regulators distanced themselves from the Swiss decision to wipe out $17 billion of Credit Suisse‘s bonds in…
Read More » - Politics
Bipartisan group of senators introduces bill to claw back compensation from executives following bank failures
A bipartisan group of senators has introduced a bill to give regulators the authority to claw back executive compensation after…
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Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years
Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may…
Read More » - Stock Market
Recession looks less likely for U.S., these economists say, but a ‘slog’ still lies ahead
Despite the recent turmoil in the bank sector, a recession is still not the most likely outcome for the U.S.…
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